Cryptocurrency is important for a country? or not...

[jinneas]

Although cryptocurrency is a new opportunity under the current economic trend, it will bring a lot of wealth effects and freedom. But it is not necessary for the country's development, nor will it determine the country's economic status.

[xSkylarx]

Not so essential to be honest because not everyone uses cryptocurrencies in a country, they're probably around the low end percentage of the population so it's not that big of an impact that they have when they're using cryptocurrencies. Maybe now that there's more NFT and P2E games, it might be different.

Agreed, because not all countries are first world, and not all people have internet right now, it is not essential for the time being. But, when it comes to NFT and P2E games, where those who are unemployed due to the pandemic are beginning to earn money through cryptocurrencies, I believe it is critical now for those unemployed who are earning crypto because they can feed their families through crypto. If we're talking about individuals, I'd say it's important to me right now, but it's not in our country.

[LUCKMCFLY]

Currently El Salvador has been setting the standard in terms of critical currencies and more specifically in BTC, you can also talk about the impact on other countries, most recently Panama is studying through a bill the use of BTC and certain cryptocurrencies, this also makes some tokens famous, but only those that are authorized by the government, also another current of possible adoption is in Argentina, Paraguay, these are countries that are considering entering the BTC economy. Venezuela has always wanted to enter, but it has done things wrong, and although it has a large trading volume, there is a lot of ignorance regarding BTC.

[qwertyup23]

Cryptocurrency is essential for the development of a country?
Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?

I do think that adoption of cryptocurrencies has positive effects on the development of a country.

Since cryptocurrencies have become a staple payment as an alternative payment to most businesses for their products/services, this provides a cashflow in the country. Anything that enters within the country's jurisdiction as money is always beneficial. Money entered into the country can be likened to as remittances from OFWs. But then again, this has to be regulated by the government to take advantage of its full effects first.

[israt1@]

Op. Explain exactly what you mean. Because no country can carry cryptocurrency. Yes, if you say it should be used as a developed country. Because in a wallet in cryptocurrency you can keep a lot of money transactions and savings. As such, your word could be accepted.

[giammangiato]

Cryptocurrency is essential for the development of a country?
Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?

In my opinion, cryptocurrency does not play that essential role. However, it can be useful for the development of countries.

Crypto currencies at the moment do not give a tangible sign of financial power in world countries, but banks are afraid of this, in many countries the use of cryptocurrencies is limited, they are of the opinion that they could solve many problems related to poverty, the problem is that governments intend (they will in the future) to tax this too! Illegal things can be done with both cryptocurrencies and fiat currency, the question goes deeper ..

[syntac]

Of course very important. A country actually really needs Cryptocurrency, provided they make their own cryptocurrency and require its people to use it in order to become popular. If a country has its own cryptocurrency, then that country is not dependent on FIAT let alone dollars.

[smartaction]

Cryptocurrency is essential for the development of a country?

Cryptocurrency is must essential for the development of a country. Cryptocurrency will drive the country's economy forward. And economic development of the country means development of the country.

Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?

Do you know what cryptocurrency is? If you know this it will make you think that cryptocurrency must work for the good of a country. Which is what I'm thinking

[Shasha80]

Of course very important. A country actually really needs Cryptocurrency, provided they make their own cryptocurrency and require its people to use it in order to become popular. If a country has its own cryptocurrency, then that country is not dependent on FIAT let alone dollars.

I also have the same opinion, that cryptocurrency is very important for the development of a country. Because crypto can provide alternative
payment options other than fiat, but unlike fiat, crypto can be a source of income. Therefore I really support if every country has their own crypto,
so that they can be used for payment options other than fiat at least in their own country. After that, residents can use crypto as a source of
income, indirectly increasing the economy of a country. Crypto with blockchain technology if used properly should be able to make the country
more developed.

[nicolerichardson]

There is no denying the fact that cryptocurrencies are important for any country because of the people’s trust in them. They are transparent and offer a faster and safer way of making transactions. If people decide to hold them for a longer period of time, it can also help them fight inflation.

[kaya11]

Cryptocurrency is essential for the development of a country?
Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?

In my own perspective, it is but not too much. Well I am gaining from it due to investing in nft's, mining coins like eth and other free stuffs like bounties. As far as I am concerned it will help a little due to taxes that I pay to the government since you've said a developing country. I am very much sure that my tax won't be wasted and even it is still a little it will help.

About hindrance, I don't surely get the basics of economy as I don't really know, what I can say it there are disadvantages in all investments specially with this kind, so volatile. If somehow it drags a growth of a country well see the news everywhere where scams and hacks are rampant, I don't really know the impact of it but as we can see it creates problems to the state because we all know blockchain is somehow giving authorities a hard time to deal with the bad guys.

[Chato1977]

Cryptocurrency is essential for the development of a country?
Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?

i don't need to answer the question one by one but what i cans say is "Personally we need cryptocurrencies" i have been in this market for years now and still using crypto and this is an advantageous for every transactions i made .
so Yes this is very important.

[habebe]

Too many people are judgmental of whether it is important in a country.  That's right because we know about a crypto even if it is popular and of great value, but there are countries that do not use crypto and accept is not a developing country, there are also countries that have banned a famous and rich bitcoin crypto.  Clearly, determining a country’s development is not really important

[milewilda]

Too many people are judgmental of whether it is important in a country.  That's right because we know about a crypto even if it is popular and of great value, but there are countries that do not use crypto and accept is not a developing country, there are also countries that have banned a famous and rich bitcoin crypto.  Clearly, determining a country’s development is not really important

Come to mind off that we had been existing before crypto market was created and stuck out with that centralized system that we've been locked on ages which on the time that crypto exist
then it did really give out that kind of option or choices for people to engage with and to mind off that not all government on a particular country does really consider its existence which
why most of them are banning or still in neutral phase and didnt decide whether they do adopt it or not.Take for example on whats happening in El Salvador on making it as a legal tender
which is Bitcoin, sooner or later they would really be finding out on what it after effects on such decision made.

[bayu7adi]

Isn't every innovation that exists can be considered useful for a country, depending on the government's response to the innovation? Although useful, but if the idea does not get permission from the government, the idea will not be important in front of a country.
The existence of government is like a big gate that connects ideas and society. When the gate is wide open and accepts ideas from creative people, their adoption in society becomes easier and begins to have an effect.
However, when the government gate does not give permission for whatever reason, then the idea will only be used by a small group of people who like the idea.
Cryptocurrencies if they continue to receive official rejection from the government, their circulation will be very slow and take longer to reach the wider community.

[Emitdama]

Cryptocurrency is essential for the development of a country?
Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?

I wouldn’t really say that it makes any huge impact in the economy such as making it better than it is, neither will I say that it would have any negative impact on the economy. Maybe when it comes to development, I think cryptocurrency can play a role in development. It all depends on the area that it is being applied. Maybe if we can apply cryptocurrency in the right areas, it would help in developments that would then make good impact in our economies and help it to grow.

But, it is not like cryptocurrency is like the all time solution that we are going to need to make an economy better, because there are already countries that have adopted cryptocurrency, but it didn’t make their country get any better than it was.

[Rana590]

Cryptocurrency is essential for the development of a country?
Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?

In my opinion, in this digital world, crypto currency is a important factor for a country. People want reliable and easy way and cryptocurrency can help here. Day by day people will use digital currency and we should adopt it as soon as possible.

[Desmong]

Cryptocurrency is essential for the development of a country?
Does cryptocurrency play an effective role in the development of the country? Or does it hinder the development of the country and cause extreme damage to the country?
What do you think about this?

This question is either a rhetorical question or a later to be answer question because no country is looking for the downfall of it's currency which is the brain behind it's economy. Every government would always be ready to fight against what will bring down the fall of their economy which is the reason why I think your question need to answer now but can be left for the future.

[tulusikhlas]

Isn't every innovation that exists can be considered useful for a country, depending on the government's response to the innovation? Although useful, but if the idea does not get permission from the government, the idea will not be important in front of a country.
The existence of government is like a big gate that connects ideas and society. When the gate is wide open and accepts ideas from creative people, their adoption in society becomes easier and begins to have an effect.
However, when the government gate does not give permission for whatever reason, then the idea will only be used by a small group of people who like the idea.
Cryptocurrencies if they continue to receive official rejection from the government, their circulation will be very slow and take longer to reach the wider community.

True, it all depends on the government responding to things like this. You're right, crypto will be a small group of people who love crypto. But we also can't blame the government why they banned it. Because we know thinking from their point of view. There may be many considerations that until now they did that.
But as a crypto user, I am optimistic that sooner or later, crypto will be accepted among them.

[Dr.Osh]

I wouldn’t really say that it makes any huge impact in the economy such as making it better than it is, neither will I say that it would have any negative impact on the economy. Maybe when it comes to development, I think cryptocurrency can play a role in development. It all depends on the area that it is being applied. Maybe if we can apply cryptocurrency in the right areas, it would help in developments that would then make good impact in our economies and help it to grow.

But, it is not like cryptocurrency is like the all time solution that we are going to need to make an economy better, because there are already countries that have adopted cryptocurrency, but it didn’t make their country get any better than it was.

I would probably be more inclined that cryptocurrencies can be important for a country if it is actually utilized. if we look at the current state, very many people are making millions of dollars from cryptocurrencies, and if the government supports and regulates it, it is very likely that it will be profitable for a country. taxes, unemployment reduction, technology development, and much more, it will get a country that really takes advantage of cryptocurrencies. however, there are still many things that are against the government regarding crypto that are difficult to accept, and the government sees that they have quite a lot to lose. there may be many reasons for that. but, personally, I think that cryptocurrency can be very useful for the country and its people